We will end this week and month with an update on the airborne relief efforts that continue to pour in from around the world to help the victims of the April 16 Ecuadorian earthquake that has claimed more than 650 lives and injured nearly 28,000. Two weeks after the 7.8-magnitude temblor struck, critically needed shipments[…]
Like a trail of slowly falling dominoes, the regulatory clearance process for FedEx’s US$4.9 billion acquisition of TNT Express has moved from country-to-country, occasionally hitting minor setbacks, until today, when China’s Ministry of Commerce, the last remaining regulatory body to submit a decision, announced its full approval of the deal. With approval from China’s Ministry[…]
In the face of what it is calling “challenging market conditions,” IAG Cargo said its commercial revenues for the first quarter of 2016 for 1.5 percent to €262 million, compared to the same Jan.1 to March 31 period last year. While cargo figures were unimpressive, IAG’s overall performance was strong enough for Qatar Airways to[…]
Overall revenues at C.H. Robinson’s Global Forwarding unit were up 8.3 percent, year-over-year, for the first quarter of 2016, to reach US$878 million, but the airfreight forwarding division’s net revenues suffered a 10.8 percent drop. However, when swelling ocean revenues are taken into account, the company’s combined net profit for Q1 rose 11.7 percent, y-o-y,[…]
Abu-Dhabi-based Etihad Airways reported its largest net profit ever in 2015, a figure that jumped 41 percent, year-over-year, to US$103 million. Low oil prices and strong demand for cargo, passenger and other ancillary services helped elevate the carrier’s profitability last year. Cargo tonnage, in particular, grew by 4 percent to 591,000 tonnes. Growth in cargo[…]
Currently known best for the company’s scheduled and charter cargo operations, Kenya-based Astral Aviation is preparing for entry into the drone delivery business as early as next year, according to local sources. Sanjeev Gadhia, Astral’s CEO, confirmed that his company has set aside US$500,000 to launch humanitarian-related drone services – that is, if Kenya’s Civil[…]
